Guideline Value for JEEVANATHAM NAGAR PHASE- I

Jeevanatham Nagar Phase- I guideline value

The current guideline value for Jeevanatham Nagar Phase- I is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Thirukkachur - 1 village under the Chengleput Joint II SRO and falls under the Residential Class I Type - I land classification.

How the guideline value of Jeevanatham Nagar Phase- I has changed

Over the years, the guideline value of Jeevanatham Nagar Phase- I has undergone several revisions. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 600 per sq.ft, which was then increased to Rs 660 per sq.ft in the 2024 revision, marking a change of +10%.

The 2024 revision's guideline value of Rs 660 per sq.ft is equal to the median value of Rs 660 per sq.ft for the 86 streets in Thirukkachur - 1 under the Chengleput Joint II SRO, which range from Rs 385 to Rs 3,300 per sq.ft.

Guideline values in Thirukkachur - 1

In Thirukkachur - 1, the guideline values vary across different streets. The street of Jeevanatham Nagar Phase- I has a guideline value that matches the median for the area. Here are the guideline values for other streets in Thirukkachur - 1:

• Jeevanatham Nagar: Rs 660 per sq.ft (2024)
• Jeevanatham Nagar Phase- II: Rs 660 per sq.ft (2024)
• Jeeva Nagar: Rs 550 per sq.ft (2024)
• Industrial Ariya Thirukatchur: Rs 2,200 per sq.ft (2024)
• Kamaraj Avenue: Rs 550 per sq.ft (2024)
• Kamatchi Ambal Nagar: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Jeevanatham Nagar Phase- I

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, together totaling Rs 59,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Jeevanatham Nagar Phase- I?

The Jeevanatham Nagar Phase- I falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Thirukkachur - 1

The guideline value is an important factor during the registration process of property transactions in Thirukkachur - 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. It is crucial for buyers and sellers to be aware of these values to ensure compliance with the registration requirements and to avoid any legal issues during the transaction.

Frequently asked questions

What is the current guideline value for Jeevanatham Nagar Phase- I?

The current guideline value for Jeevanatham Nagar Phase- I is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Jeevanatham Nagar Phase- I has changed from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024, representing a 10% increase. There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Jeevanatham Nagar Phase- I?

Jeevanatham Nagar Phase- I is classified under Residential Class I Type - I. This classification is important for understanding the type of development and usage permitted in the area.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 6,60,000 in Jeevanatham Nagar Phase- I, the stamp duty would be Rs 46,200 and the registration fee would be Rs 13,200, totaling Rs 59,400. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Jeevanatham Nagar Phase- I?

The Sub Registrar Office covering Jeevanatham Nagar Phase- I is the Chengleput Joint II SRO, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the relevant link.